Britain Quote by Ed Balls
“In 1925, when Britain went back to the gold standard, that was supported by the Conservative Party, the Labour Party, the Bank of England, the civil service, the CBI, the TUC, the Times, the Economist; that consensus was very strong.”
About This Quote
Source Speech: House of Commons debate on monetary policy, 2005
The 1925 return to the gold standard was backed by a broad coalition, showing how powerful consensus can shape economic policy.
In simple terms: Wide agreement among institutions reinforced the gold standard.
Key Takeaway
Build broad consensus for major decisions.
Themes
economics
political consensus
policy making
Mood
analytical
thoughtful
Type
political
historical
When to use this quote
- government budgeting
- financial regulation
- public policy formation
Key Concepts
Institutional alignment
historical precedent
Questions to Reflect On
- What are the risks of too‑strong consensus?
- How can diverse voices be included?
A Different Perspective
Consensus can suppress dissenting but that may be valuable.
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